Price (Per Bag) Efficiency loss from underproduction Quantity (Bags) Price (Per Bag) (b) Efficiency loss from overproduction C'1 Quantity (Bags)

15 bags. Q3 = 27 bags. The market equilibrium price point b is $50 per bag.The price at point a is $110 and the price at point c is $10 per bag. The price at point d is $65 and the price at point e is $40 per bag. The price at point f is $64 and the price at point g is $29 per bag.Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions.

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